The Australian government has printed 400 million $50 next-generation banknotes, which possess stronger security – except that the notes have a typo in them, CNN reports.
The notes in circulation – about $1.6 billion worth – amount to about 46 million of the total 400 million. The typo in question comes from a misspelling of the word ‘responsibility’, which is missing an ‘i’.
Speaking to CNN, a spokeswoman said that the validity of the notes remain unaffected,
These banknotes are legal tender and can continue to be used as normal. It does not affect their validity and functionality in any way. We have reviewed our processes to remove the likelihood of such an error occurring in the future.
The notes may still be valid, but bitcoin proponents will say that while cash can be subject to invalidation (perhaps not for a typo), bitcoin cannot. Being completely decentralized, one’s money isn’t at the mercy of a central authority is a common argument in favour of cryptocurrencies, and investors will point to that as persuasion for decentralized economies.
